How much could I expect to lose to taxes? If I made roughly$1000 a month, how much of that would go to taxes if I was living in CA?
2007-06-21 08:31:51 · 2 answers · asked by toobland22 1 in Business & Finance ➔ Taxes ➔ United States
That will depend upon your filing status and the number of dependents, if any.
If you are a single taxpayer, under age 66 and cannot be claimed as a dependent by another taxpayer your total tax liability will be about $325 for Federal Income Tax, $918 for FICA, along with about $25 or so for CA Income Tax and about $72 for CA SDI. (Those numbers are for the whole year, by the way, not each month.)
Do NOT claim EXEMPT from withholding as another poster suggested! You are NOT exempt from withholding as you DO have a small tax liability.
2007-06-21 08:51:29 · answer #1 · answered by Bostonian In MO 7 · 4⤊ 0⤋
you would get it all back at the end of the year if they took out taxes at all. if you are only going to make 12K claim exempt and they wont take out anything.
2007-06-21 15:41:06 · answer #2 · answered by Anonymous · 0⤊ 4⤋